USD/JPY keeps a potential for decline on risks

A pair of USD/JPY behaves very restrained in conditions of low trading volumes and maintaining geopolitical risks. This is not natural for the yen as a safe haven currency, especially amid growing risks and low market liquidity. In this case, the downward trend of the pair is maintained, indicating a potential decline. Deals for sale should be considered with a break of support 110.50-60, which will open the way to support levels: 110.00 and 109.70. Resistance is located at 110.80 and 111.00.

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Hanzenko Anton

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